I haven't been active on the forum lately because I've actually decided to do real estate investing FULL TIME! Quite a leap! Very exciting times. So I've been busy trying to start up this again.
I have many potential deals but nothing great, and nothing done so far. One of the property is this Condo I have been trying to move.
but can't seem to move it. There were too many condo that sprang up during the last few years, and this one was on the market for 3 months before the owner cancelled the listing.
The pricing isn't the issue, I've put out flyers, posted signs, advertised online, got many calls, even got a few qualified buyers, but when they hear that the condo is facing a main street, and doesn't have a balcony, they don't even want to see the place.
So here is the breakdown of pros and cons, perhaps someone can give me some creative idea.
- Big size, it's very rare to have 1271 sq ft 2/2 condos in the area, it's a very busy downtown area and the condos here are tiny.
- Cheapest per square footage compared to others
- Move-in ready, renovated kitchen
- has a fire place
- Facing main street
- doesn't have balcony
- 5th floor, doesn't have a good view
So I've been trying to find some creative ways to attract people, like giving away free stuff, like a diamond ring!
(which will cost me 2-3k)
Any other ideas?